Guideline Value for GANESHA NAGAR

Ganesha Nagar guideline value

The current guideline value of Ganesha Nagar is Rs 300 per sq.ft, effective from 1 July 2024. Ganesha Nagar is located in the village of Uthukkadu and falls under the Walajabad SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ganesha Nagar has changed

The guideline value for Ganesha Nagar has seen several revisions over the years. The most recent revision is from 2024, which maintains the guideline value at Rs 300 per sq.ft, the same as the previous revision in 2023. Prior to that, the 2017 revision set the value at Rs 201 per sq.ft, marking a significant increase of 49% from 2017 to 2023, and an overall increase of 49% from 2017 to 2024.

There are no figures available for Ganesha Nagar in the revisions from 2002, 2003, 2007, and 2012. Therefore, the only revisions with recorded figures are from 2017, 2023, and 2024.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, indicating that Ganesha Nagar's 2024 figure is below that median.

• Eswaran Nagar Phase-11: Rs 350 per sq.ft (2024)
• Eshwaran Nagar Phase-II: Rs 350 per sq.ft (2024)
• Gs Avenue: Rs 600 per sq.ft (2024)
• Doctor S Detroit City: Rs 775 per sq.ft (2024)
• Devi Sri Ellamman Nagar: Rs 300 per sq.ft (2024)
• Devi Sri Ellai Amman Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ganesha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, which totals Rs 21,000, and the registration fee is 2%, amounting to Rs 6,000. Therefore, the total fees together would be Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ganesha Nagar?

The Sub Registrar Office that covers Ganesha Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukkadu - A

The guideline value is essential when buying or selling property in Uthukkadu - A, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must refer to the guideline value to ensure compliance with local regulations during property transactions.

When registering a property, the guideline value serves as a benchmark for the minimum price at which the property can be sold. This ensures that the government receives the appropriate revenue from property transactions through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ganesha Nagar?

The current guideline value of Ganesha Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024, while it increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Ganesha Nagar?

Ganesha Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

Which office handles property registrations for Ganesha Nagar?

The Walajabad Sub Registrar Office is responsible for property registrations in Ganesha Nagar, located on Sriperumbudur Road, Walajabad-631 605, Chengalpattu zone.

How is stamp duty calculated for properties in Ganesha Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at the rate of 7%.